Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
58000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much58,000Shares
58,000 common shares of the Company (treasury shares)
3 directors (excluding directors who are Audit and Supervisory Committee members)58,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥456 per share
Total issue value
¥26,448,000
Amount of funds to be raised
Total payment amount: ¥26,448,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Annual amount of up to ¥60 million as restricted stock compensation
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury shares.
Not applicable (disposal of treasury shares)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Conditions on transfer restrictions
Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.
Transfer restriction period
30 years from 18 September 2026 to 17 September 2056
Conditions for lifting transfer restrictions
The transfer restrictions will be lifted in full upon expiration of the transfer restriction period, provided that the recipient has continuously remained a director of the Company through the date of the first annual general meeting of shareholders held after delivery of the shares. The restrictions may also be lifted upon retirement or resignation in certain circumstances, or in the event of a corporate reorganization, subject to the conditions set out in the relevant documents.
Reason for acquisition without consideration
If the recipient ceases to be a director of the Company before the day preceding the date of the first annual general meeting of shareholders held after delivery of the shares. This does not apply if the Board of Directors determines that the reason for the retirement or resignation is justified.
Stock Split Ratio5-for-1 stock split of common shares, effective 1 December 2022. 2-for-1 stock split of common shares, effective 1 March 2025.
Categories and Number of Persons Covered
3 directors (excluding directors who are Audit and Supervisory Committee members), 58,000 shares
Intended allottee's holding policy
For the 30-year period from 18 September 2026 to 17 September 2056, the shares may not be transferred to a third party, pledged, used to establish a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of.
Payment date
18 September 2026
Basis for determining the amount to be paid
The closing price of the common shares on the Tokyo Stock Exchange on 27 August 2026, the business day preceding the date of the Board of Directors' resolution, was ¥456. No discount or premium was stated.
Procedures under the Corporate Code of Conduct
The plan and the compensation amount and transfer restriction period were approved at the 84th Annual General Meeting of Shareholders held on 29 August 2019 and the 87th Annual General Meeting of Shareholders held on 26 August 2022. The current disposal was resolved by the Board of Directors.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 58,000 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥456 per share |
| Total issue value | ¥26,448,000 |
| Amount of funds to be raised | Total payment amount: ¥26,448,000; estimated net proceeds: Not disclosed |
| Payment date | 18 September 2026 |
| Intended allottee | Name 3 directors (excluding directors who are Audit and Supervisory Committee members) / Number of Shares 58,000 shares |
| Intended allottee's holding policy | For the 30-year period from 18 September 2026 to 17 September 2056, the shares may not be transferred to a third party, pledged, used to establish a transfer security interest, gifted inter vivos, bequeathed or otherwise disposed of. |
| Dilution Rate | Not applicable (disposal of treasury shares) |
| Total number of issued shares | The total number of issued shares will not increase because this is a disposal of treasury shares. |
| Basis for determining the amount to be paid | The closing price of the common shares on the Tokyo Stock Exchange on 27 August 2026, the business day preceding the date of the Board of Directors' resolution, was ¥456. No discount or premium was stated. |
| Transfer restriction period | 30 years from 18 September 2026 to 17 September 2056 |
| Conditions for lifting transfer restrictions | The transfer restrictions will be lifted in full upon expiration of the transfer restriction period, provided that the recipient has continuously remained a director of the Company through the date of the first annual general meeting of shareholders held after delivery of the shares. The restrictions may also be lifted upon retirement or resignation in certain circumstances, or in the event of a corporate reorganization, subject to the conditions set out in the relevant documents. |
| Reason for acquisition without consideration | If the recipient ceases to be a director of the Company before the day preceding the date of the first annual general meeting of shareholders held after delivery of the shares. This does not apply if the Board of Directors determines that the reason for the retirement or resignation is justified. |
| Categories and Number of Persons Covered | 3 directors (excluding directors who are Audit and Supervisory Committee members), 58,000 shares |
| Total Stock-Based Compensation | Annual amount of up to ¥60 million as restricted stock compensation |
| Stock Split Ratio | 5-for-1 stock split of common shares, effective 1 December 2022. 2-for-1 stock split of common shares, effective 1 March 2025. |
| Procedures under the Corporate Code of Conduct | The plan and the compensation amount and transfer restriction period were approved at the 84th Annual General Meeting of Shareholders held on 29 August 2019 and the 87th Annual General Meeting of Shareholders held on 26 August 2022. The current disposal was resolved by the Board of Directors. |
Items this document does not state (10)
Estimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost recent equity financingMajor shareholders after the offeringImpact on Business Performance
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To provide the eligible directors with an incentive to achieve sustained growth in corporate value and to further promote the sharing of value with shareholders.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.